Patent stocks drop following Vringo ruling

Worlds (OTCQB:WDDD -15.3%), Spherix (SPEX -5.8%) and Marathon Patent Group (MARA -3.6%) have sold off after a federal appeals court ruled against Vringo in its IP suit against Google, arguing the patent claims it has asserted are invalid due to obviousness.

Notably, the court referenced a recent Supreme Court ruling that upheld the patentability of software concepts that advance or improve upon existing ideas, but also declared mere abstract software ideas on a computer can't be patented.

Spherix is still well above where it traded before an AT&T settlement was disclosed on Monday.

Comments (5)
  • DougRk
    , contributor
    Comments (1902) | Send Message
    Holy momma. VRNG off 70% as I write this. Mark Cuban must be happy.
    15 Aug 2014, 02:02 PM Reply Like
  • User 10226691
    , contributor
    Comments (96) | Send Message
    Not sure why MARA would drop on this ruling? MARA is different from VRNG - diverse patent portfolio across multiple sectors, growing quarterly revenue, IP analytics product -, settlements rolling in, and MARA's SP does not rely on one binary event.
    15 Aug 2014, 02:22 PM Reply Like
  • amoleg2
    , contributor
    Comments (2) | Send Message
    Doesn't matter. The point of today is don't try to use sense to explain things. Money rules all. Judges were corrupted by Obama pressure and CASH.
    15 Aug 2014, 04:18 PM Reply Like
  • jsIRA
    , contributor
    Comments (4360) | Send Message
    Justice will be served eventually.
    15 Aug 2014, 05:35 PM Reply Like
  • dmg79c
    , contributor
    Comments (10) | Send Message
    Probably a good buying opportunity for BOTH MARA and VRNG.
    16 Aug 2014, 11:39 AM Reply Like
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